With lots of investment options available, it is very difficult to find out the safest and the best choice for high returns but the land is one best option for investment according to leading builders in Chennai. People usually search for both – safe as well as a steady return on investment. Most of us normally start with saving in a Bank or Fixed Deposits making way for gold-based. These are very handy and do need much know-how. Family and friends are the best advisors in these cases.

The average citizen is usually wary of investing in the property unless they plan to live in one. But a well-researched land or plot will fetch higher returns, more than any of the traditional means.

The initial investment is low according to leading builders in Chennai

Residential homes, even the most affordable ones, are typically priced much higher than a plot of land. Because of this, most potential investors use a home loan to finance their purchase. A plot of land, on the other hand, is much more cost-effective. They have low entry ticket size means that even young investors can purchase them without any financial obstacle in their way. Many investors choose to purchase land early in life and build a home on it later when they have more savings. This can work out to be much cheaper than purchasing a home and paying EMIs for it.

Appreciation

Plot prices vary with location, size and available space. Prices of land parcels appreciate at a much faster rate than the rates of an apartment. Land prices are bound to appreciate if the basic infrastructure around the property grows, thus ensuring higher returns on investment by leading builders in Chennai. Improvements in the latter will guarantee a direct increase in the former. When clubbed together with the low investment required to purchase it, the land offers much higher returns in a shorter period in plots for sale in thiruporur.

Flexibility

The plot gives you high flexibility on what, when and how you want to build your dream home. That is your piece of land, you can play around with everything from structure, configuration, size, design to timeline you have got the freedom of full control to build it as per your personal preferences.

Gated Community

Always consider plots that are part of a Gated Community worth its name. The plot should be present in a well fenced and secured location. By ensuring, that when you have a secured plot, you reduce the risk of encroachments as well as increase its face value according to leading builders when you get plots for sale in omr and thiruporur.

No gap between purchase and possession

When investing in a home that is under construction, individuals need to wait until it is fully completed to take possession. Depending upon the stage of construction the project is in, the final handover can take a year or even longer. With a plot of land, there is virtually no possibility of a delay. Since land doesn’t require any construction, owners can take possession of their new asset almost instantaneously.

Lower property tax

Property tax is a recurring expense that property owners have to account for, regardless of whether they own a house or plot of land. But in the case of land, the property tax tends to be much lower than it is for a house than plots for sale in omr.

No maintenance costs

Whether you plan on living in your purchased home or not, you will still need to pay a certain amount for maintenance. Some of these charges are constant, for example, the maintenance fees issued by housing societies. Many times, however, they can be unplanned, as it is in the case of plumbing issues, electrical problems, renovations, etc. With a plot of land, there is virtually no maintenance required. Even the most hands-off investor can purchase land without having to worry about regular upkeep.